June 2010 Number 6 Volume 48
Change the way you bank.
It’s your chance to win a dining room, living
room, or bedroom that complements your
ideal style! Visit safecu.org/dreamroom.
Ask a SAFE Representative for details.
Dream Room Giveaway
Enter to win a new dining room, living room, or Starting June 7, 2010 visit safecu.org/dreamroom for
bedroom that complements your ideal style!* your chance to win. Receive an entry every day just by
voting for your favorite dream room. Plus, every Friday,
At SAFE, we love to help members find the perfect we’ll reveal an additional prize to add the finishing
home. And, the fun part of making your home your touches to the winner’s new room. Log on today and
own is decorating in your unique style. Whether you’re play!
settled in or on the move, we can help you make one
room especially stylish. * No purchase necessary to win. Must be 18 years of age or older to
enter. Limited to one (1) entry per day per individual. To enter and
obtain official rules, visit safecu.org or any SAFE branch. All entries
must be received by July 25, 2010 at 6:00 p.m.
Smart Home Loan
Financing with Triple Lock Smart Financing SAFE Home Loans
now with Triple Lock
Your next home-buying experience can be both The best home accessory is a great rate. And,
Smart Home Loan Financing with Triple Lock loans assured that you’ve made a smart
SAFE has a wide range of homeyou can restto meetyou take advantage of
stylish and smart.
financing decision when
Take advantage of competitive rates, low fees, fast
The best home accessory is a great rate. And, you can members’ individual needs. Contact a SAFE mortgage
processing, and flexible terms. And, depend on
Triple Lock. SAFE provides interest rate flexibility
three times during the home buying process:
our experts for experienced, professional service.
rest assured that you’ve made a smart financing decision free you apply for a SAFE home
professional today to schedule a 1. Whenconsultation, loan,
• A variety of terms to ensure the lowest we’ll lock in your low rate for 45 days.
when you take advantage of interest rate flexibility three 2. If more. Visit
receive a free pre-approval, or learnthe rate drops, you’ll have the
• Low fixed rates for peace of mind for the opportunity to float down to —
times in the home buying process. For a limited time, SAFE safecu.org, any SAFE branch, or contact our lower rate.
life of your loan and lock in — the Call Center
is offering this special Triple Lock feature.* at (916) 979-7233 or (800) SEE-SAFE. again! you’ll be able
• Jumbo and conforming loans 3. And, before closing,
• FHA Home Loan Program, perfect for
first-time buyers Use Triple Lock to secure the best rate on
• When you apply for a SAFE home loan, we’ll lock in * Subject to terms and conditions.
SAFE offers a wide array of mortgage programs your next home purchase or refinance.
for the purchase or refinance of your home. Visit safecu.org, at any SAFE branch, or
contact our Call Center at (916) 979-7233
your low rate for 45 days. Contact a SAFE mortgage professional today
to schedule a free consultation, receive a free or (800) SEE-SAFE.
pre-approval, or learn more.
• If the rate drops during the processing of your loan,
you’ll have the opportunity to lock in the lower rate.
• And, if rates are lower on the day your loan
documents are drawn, we’ll lock the lower rate for
Use Triple Lock to secure the best rate on your next home
purchase or refinance when you apply between June 6
and July 25, 2010!
Free Online Banking Training
Sign up today to improve your SAFE Online Banking Choose from one of two Online Banking Skills Class
skills by visiting safecu.org or calling (916) 979-7233 sessions:
or (800) SEE-SAFE. These free, informative classes can Date: Tuesday, June 22, 2010
help you manage your money online so you can save Time: 2:00 p.m. - 5:00 p.m. or
time, save money, and bank at your convenience. 6:00 p.m. - 9:00 p.m.
Location: Citrus Heights Branch
7475 Madison Avenue
Space is limited, so be sure to sign up soon!
To learn more about the benefits of banking
online with SAFE, visit safecu.org.
ATM Safety Tips
• Prepare your transaction by having your card out • Do not lend your ATM card to anyone.
and any checks endorsed before you approach the
ATM to minimize the time spent at the machine. • Protect your PIN. Never write it on your card or on a
note in your wallet. Do not share it with anyone—
• Do not display your cash. Retrieve your card and SAFE employees will never ask for your PIN.
receipt immediately, and wait to verify the cash
until you can safely do so. • Keep a close eye on your statements. Set up
Internet-based account access through Online
• Always be aware of your surroundings. Make sure Banking. Once you’ve enrolled, you can check your
no one is observing you entering your Personal account activity at any time.
Identification Number (PIN). If you see anyone
suspicious, leave immediately. • Activate your ATM or debit card immediately upon
receiving it by mail. If you do not wish to use your
• Feel free to cancel your ATM transaction if you card and would prefer not to activate it, SAFE will
are uncomfortable for any reason. At most ATMs, block your card and issue a replacement at a later
you’ll have several opportunities to cancel before date upon your request. (Cards instantly issued in
your transaction is processed. our branches are active upon receipt.)
• Avoid using ATMs at night when possible. Use • If you should lose your SAFE ATM card or debit
well-lit ATMs with security cameras and those card, please contact us immediately. In most cases,
inside businesses such as grocery stores; they SAFE can issue a new card right away.
are less likely to attract criminal activity. All SAFE
ATMs are equipped with security cameras.
SAFE Financial Services:
Investing in a Rising Rate Environment
Prepared by LPL Financial for SAFE Financial Services Use
With short-term Stock markets tend to react negatively to rising interest
interest rates rates, which increase the cost of borrowing and impact
hovering near corporate bottom lines. Financial stocks are especially
their historical sensitive to rising rates, since their funding base is tied
Determine Your Direction lows—and with to current market rates, although past performance is no
the Federal indication of future results.2
earlier this year to raise the discount rate it charges banks Fixed-income investors may want to consider dividend-
to borrow from its coffers—it seems just a matter of time paying stocks, which offer current income as well as the
before the more important federal funds rate begins to potential for longer-term price appreciation.
rise. The question is when? As short-term rates rise, rates on savings accounts
and CDs will also rise, making them more attractive to
At its two-day, policy-making meeting in March, the investors.3 Rates on floating rate debt are also tied to
Federal Reserve concluded that the still weak economy short-term rates. The higher rates rise, the more sense
and subdued levels of inflation “are likely to warrant it makes to pay down such debt whenever possible,
exceptionally low levels” for interest rates “for an especially higher-rate debt such as credit cards.
extended period.” Many economists and market analysts
1Bonds are subject to market and interest rate risk if sold prior to
expect the Fed to hold the federal funds rate stable until maturity. Bond values will decline as interest rates rise and are subject
the unemployment rate declines more consistently— to availability and change in price. 2Investing in stocks involves risks,
including loss of principal. Investments in specialized industry sectors
at some point in the third quarter or even after the have additional risks, which are outlined in the prospectus. 3CDs are
November election. FDIC insured and offer a fixed rate of return if held to maturity. An
investment in a money market fund is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government agency.
Even so, investors will want to have their portfolios Although the fund seeks to preserve the value of your investment at
$1.00 per share, it is possible to lose money by investing in the fund.
positioned for the time when interest rates eventually
do begin an upward climb. Here are a few points that
investors should keep in mind as they review and rethink This article was prepared by Standard & Poor’s Financial
their portfolio strategies with a new investment climate Communications and is not intended to provide specific
in mind. investment advice or recommendations for any individual.
Bond prices will decline if rates tick up, because of the Financial Consultants do not offer tax advice. Please
inverse relationship between interest rates and bond contact your tax professional.
prices.1 Historically, rising interest rates have caused the
prices of existing bonds to decline because newly issued
bonds carry higher rates, which pushes down the value
of previously issued securities. Bonds with longer-term
maturities are most sensitive to rate changes.
For a free consultation with one of our Financial Consultants please call: (916) 971-2218 or (800) SEE-SAFE, ext. 2218.
Financial Consultants are registered with and securities and insurance products are offered through LPL
Financial and its affiliates, Member FINRA/SIPC. SAFE Credit Union and SAFE Financial Services: not registered
broker/dealer(s) nor an affiliate of LPL Financial.
Not NCUA Insured No Credit Union Guarantee May Lose Value
SAFE Financial Services located at: 4636 Watt Ave., North Highlands, CA 95660
Your SAFE Visa® debit and credit cards are accepted
at millions of locations worldwide to make your Visa Debit Cards Credit Cards
summer trips easy and safe. You can help SAFE
SAFE Call (800) 733-7233 or (800) 733-7233 or
protect your account by informing us if you plan (916) 979-7233 (916) 979-7233
to travel outside the area, and providing us with a
(888) 241-2440 or (800) 890-5097 or
mobile phone or temporary number with which Card Suddenly (909) 941-1034 (608) 836-2339
we may call you to verify recent transactions. We’ll
Card Lost or (800) 754-4128 (800) 543-5073
know where to reach you, and we’ll be aware of your (727) 227-9012 (727) 570-4881
out-of-the-area transactions. You may also use SAFE
Online Banking or CALL-24 Phone Banking to make
payments on your account at your convenience, or
* Please attempt to contact our Call Center first. The alternative
contact our Call Center, and we’ll be happy to set numbers for damaged and lost or stolen cards are available 24/7 if
up automatic payments for you. If your card is lost, calling after business hours. If you are traveling abroad and cannot
access 800 numbers, please call collect using the non-toll-free
stolen, or suddenly stops working after recent use, call numbers.
the appropriate number listed below, and we’ll get a
replacement card to you right away.*
Earn Dividends by
Open a SAFE Online Checking Account with the
Online Banking Package at safecu.org, and you’ll earn
dividends while enjoying a package of free features.
Earn .75% APY1 on the first $1,000 in your account, plus:
• Free Online Banking featuring FinanceWorks™
• Free Mobile Banking and Text Message Banking2
• Free Bill Pay and eBills for active users
• Early Paydays with Direct Deposit3
• Free eStatements, eAlerts, and eNotices
• Free access to more than 28,000 CO-OP Network
• Free Online Check Imaging
Open your account online today! It’s easier than
ever before with Online Account Opening through
safecu.org. You won’t sacrifice time, money, or security
Annual Percentage Yield (APY) accurate as of June 1, 2010 and subject
when you open accounts online. In fact, if you open a
to change monthly. APY of 0.75% will be paid only on the portion of
certificate online, you’ll receive special rates reserved for your daily balance that is less than or equal to $1,000. APY of 0.05% -
online members. The sign-up process is fast and easy, 0.75% will be paid on balances of $1,000.01 or more. Initial deposit of
$25 required. Must be opened online and requires eStatements. Upon
and every transaction is secured by SAFE’s cutting-edge cancellation of eStatements, all balances will begin earning dividends
technology. Funding is simple: transfer funds directly based on the SAFE Checking dividend rate. Fees may reduce earnings.
Standard carrier rates and fees may apply. 3 Subject to receipt from
from your SAFE account, a credit card, an account at originator and other terms and conditions. 4 Funds availability is based
another institution, or fund by check. Then, enjoy instant on product and funding method selected. You may need to refresh your
banking session to view new accounts.
access to your new accounts via Online Banking.4
It’s Not Too Late to Protect Your
In light of new regulations, financial institutions asking our members to let us know that they want
are changing the way they manage their overdraft to preserve or begin using this service. No action is
protection options. SAFE is pleased to continue to offer required to continue Courtesy Pay for checks and other
our convenient Courtesy Pay service on and after August transactions using your checking account.
15. However, it’s important to know that SAFE will not
authorize and pay overdrafts (Courtesy Pay) for ATM and If you’re currently enjoying the benefits of Courtesy
everyday debit card transactions unless you ask us to Pay, opt in today by logging in to your account in
do so before August 15, 2010. If you’ve been enjoying Online Banking and selecting “User Options,” then
the benefits of Courtesy Pay, it’s not too late to opt in to “Opt in to Debit Card Courtesy Pay,” so that you can
preserve seamless service. preserve seamless protection. If you’re not already
enrolled in Online Banking, you can sign up and opt in
At SAFE, we provide a Courtesy Pay service as a at safecu.org. Or, use Live Chat or contact a Call Center
protection from checkbook miscalculations, so a Representative during business hours for assistance.
budget oversight doesn’t put your account at risk for
Account must meet credit union criteria for this service. Whether your
unnecessary fees. Enrollment in Courtesy Pay service overdrafts will be paid is discretionary and we reserve the right not
helps you avoid the hassle of a declined debit card to pay if your account is not in good standing. A fee of $27 is charged
for each SAFE check, ATM or debit card transaction, or debit by other
transaction when and if you have insufficient funds. If electronic means that takes your account negative or increases
you do not have the funds in your account to cover a an existing negative balance. The fee is waived for each debit card
transaction that is under $25 and only one fee is charged per day
transaction, SAFE can pay the transaction on your behalf.
for all debit card transactions that take your account negative. The
negative balance must be paid within 20 days. Members may opt out
of Courtesy Pay.
SAFE’s Courtesy Pay service is more member-friendly
than almost any other bank or credit union. The Courtesy
Pay fee is waived for each debit card transaction under
$25, or if your account balance is less than $25 negative
at the time your account is evaluated for the fee. Only
one fee is charged per day for all debit card transactions
that take your account negative. And, you incur no
daily fees for negative checking balances. This means
that thousands of SAFE members enjoy the benefits of
Courtesy Pay every month, without incurring fees.
We believe our members should have a choice when
it comes to overdraft protection services. So, we’re
Free Home-Buying Seminar
Interested in becoming a well-informed homebuyer? This one-hour event will explore:
Don’t miss our free seminar: Everything a Homebuyer • The variety of home loan programs available
Must Know before Buying a Home in this Market. • Home loan guidelines
• Where to find bargains
Date: Wednesday, July 14, 2010 • How to buy bank-owned real estate
Time: 5:00 p.m. to 6:00 p.m. • And much more!
Location: SAFE’s Rancho Cordova Branch
12159 Folsom Boulevard Space is limited! Call Jayne Anderson today at
(916) 971-2806 to reserve your seat.
SAFE Members’ Guide
Take Note! SAFE Member Service:
Call Center, CALL-24,
SAFE Financial Services: ..................................(916) 979-7233
Toll Free: .................................................................(800) SEE-SAFE
In observance of Independence Day, our offices Call Center Hours: 7:00 a.m. - 6:30 p.m. (M-F)
will be closed on Monday, July 5. However, you can 9:00 a.m. - 2:00 p.m. (Sat.)
access your accounts anytime online at safecu.org Autoland ....................................................................(916) 485-5294
or by telephone using CALL-24 Phone Banking at
SAFE Online: www.safecu.org
(916) 488-5744 or (800) 3CALL-24.
SAFE Branch/ATM Locations:
To locate a SAFE Branch or ATM near you, go to safecu.org
and click on “Branches” or “ATMs” at the top of the page, or
call (800) 733-7233.
Branch Business Hours: 9:00 a.m. - 6:00 p.m. (M-F)
9:00 a.m. - 2:00 p.m. (Sat.)
CO-OP Network®, Interlink®, PLUS®
SAFE Products and Services:
SAFE Credit Union wants you to keep more of what you earn!
That’s why SAFE offers the following products and services
to meet all of your financial needs.
Checking Online Services
• Free Checking • Free SAFE Online
• Early Paydays Banking
with Direct Deposit* • Free Bill Pay for
• SAFE Visa active users
Debit Card • Free eStatements
• More than • Free online images
28,000 Free of cleared checks
CO-OP Network • Free FinanceWorks
• Overdraft Business Services
Protection • Savings
Savings • Checking
• Savings • Money Market
• Money Market • Loans
• Certificates • Lines of Credit
• 1st Mortgages
• Home Equity Loans
• Home Equity Lines
• Auto Loans
• Visa Credit Cards
To learn more about any of the above SAFE products or
services, call SAFE or visit SAFE online.
NCUA - Your savings federally insured to at least $250,000 and backed
by the full faith and credit of the United States Government. National
Credit Union Administration, a U.S. Government Agency. Your IRA funds are
insured separately up to $250,000 by the NCUA.
Note: This newsletter is designed to provide informative material to members
with the understanding that the contents do not constitute legal, accounting,
tax, or other professional advice. If expert information is needed in these areas,
assistance should be sought from the professionals in those fields. Rates, terms,
and conditions are subject to change. All loan requests are subject to credit
SAFE is an Equal Housing Lender.
*Subject to receipt from originator and other terms and conditions.